MichaelEugen1

DE short idea

Short
NYSE:DE   Deere & Company
Hey all, I was short DE ahead of earnings and was surprised to see my green position switch to red in virtually an instant. I don't think this'll last. If you look back by the end of the year, new lows should be made, not new highs. I don't think this thing sees new 52W highs for a very long time. I'm currently down about 2% on my DE short position, and I'm comfortable holding through a possible momentum follow through upwards on this name. In my eyes, it's making virtually identical patterns to what it made in 2000/2008.
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